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๐Ÿš€๐Ÿš€ Bitcoin enthusiasts, hold on to your hats! Chinese mainland-based equity funds are reportedly applying to launch spot Bitcoin ETFs via their Hong Kong subsidiaries. This comes amid a crypto price surge and Hong Kong's push to become a global fintech hub. ๐ŸŒ๐ŸŒ Among the applicants is Harvest Fund Management's Hong Kong branch, which launched Asia's first futures crypto ETFs in December 2022. They've been awaiting approval from Hong Kong's Securities & Futures Commission (SFC) since January. ๐Ÿ“ˆ๐Ÿ“ˆ Meanwhile, China Asset Management's Hong Kong division is teaming up with licensed crypto exchange HashKey to promote Web 3.0 initiatives in the asset management industry. ๐Ÿค๐Ÿค Although there's no definitive timeline for spot Bitcoin ETFs in Asia, insiders suggest applications could materialize as early as this quarter. โฐโฐ Hong Kong's crypto sector is booming! Bitcoin value soared to around $72,000 recently, nearly doubling from its December value. The CSOP Bitcoin Futures ETF, Hong Kong's largest, saw a five-fold increase in assets under management, reaching over $100 million. ๐Ÿ’ฐ๐Ÿ’ฐ Hong Kong is determined to become a leading global crypto hub. The city plans to regulate OTC trading of virtual assets and enable intermediary institutions to offer various virtual asset services, including futures and ETF trading. ๐Ÿฆ๐Ÿฆ So, keep your eyes peeled, Bitcoin believers! Exciting times are ahead! ๐ŸŽ‰๐ŸŽ‰

๐Ÿš€๐Ÿš€ Bitcoin enthusiasts, hold on to your hats! Chinese mainland-based equity funds are reportedly applying to launch spot Bitcoin ETFs via their Hong Kong subsidiaries. This comes amid a crypto price surge and Hong Kong's push to become a global fintech hub. ๐ŸŒ๐ŸŒ

Among the applicants is Harvest Fund Management's Hong Kong branch, which launched Asia's first futures crypto ETFs in December 2022. They've been awaiting approval from Hong Kong's Securities & Futures Commission (SFC) since January. ๐Ÿ“ˆ๐Ÿ“ˆ

Meanwhile, China Asset Management's Hong Kong division is teaming up with licensed crypto exchange HashKey to promote Web 3.0 initiatives in the asset management industry. ๐Ÿค๐Ÿค

Although there's no definitive timeline for spot Bitcoin ETFs in Asia, insiders suggest applications could materialize as early as this quarter. โฐโฐ

Hong Kong's crypto sector is booming! Bitcoin value soared to around $72,000 recently, nearly doubling from its December value. The CSOP Bitcoin Futures ETF, Hong Kong's largest, saw a five-fold increase in assets under management, reaching over $100 million. ๐Ÿ’ฐ๐Ÿ’ฐ

Hong Kong is determined to become a leading global crypto hub. The city plans to regulate OTC trading of virtual assets and enable intermediary institutions to offer various virtual asset services, including futures and ETF trading. ๐Ÿฆ๐Ÿฆ

So, keep your eyes peeled, Bitcoin believers! Exciting times are ahead! ๐ŸŽ‰๐ŸŽ‰

Aviso legal: Se incluyen opiniones de terceros. Esto no representa asesorรญa financiera.ย Lee los TyC.
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๐Ÿš€Hey there, BTC enthusiasts!๐Ÿš€ Bitcoin's been on a rollercoaster ride, bouncing between $59,000 and $65,000, and now settling around $61,700. But hold onto your hats, folks!๐ŸŽข Optimistic forecasts are predicting a potential rise to $74,000 due to technical patterns and recent halving effects.๐Ÿ“ˆ ๐Ÿ”Now, let's talk about the Ripple and SEC drama. The legal conflict is still ongoing, with the main focus being whether XRP is an unregistered security. The verdict is still out on that one!โš–๏ธ ๐ŸŒžMeanwhile, Solanaโ€™s SOL has been soaking up the sun, climbing by 12% over the past week. Analysts are bullish, foreseeing new highs in 2024 and highlighting the assetโ€™s strong market performance.๐Ÿš€ ๐Ÿ”„Back to BTC, despite the recent plunge, many industry participants remain optimistic. The Titan of Crypto predicts a "falling wedge" might fuel a rally toward $74,000 "sooner than many expect." Adrian Zduล„czyk also sees a $70K+ level as a possible target in May.๐ŸŽฏ ๐Ÿ””One signal that BTC's resurgence is on the horizon is the halving that took place last month. Historically, this event has resulted in a bull run for the asset and the entire cryptocurrency market.๐Ÿ‚ ๐Ÿ”ฎLastly, let's touch on Solanaโ€™s native cryptocurrency, SOL. It's up 12% on a weekly scale, briefly pumping above the $150 mark. Analysts predict the rally will continue, setting impressive price targets. Inmortal described the token as "the fastest horse of the cycle" and envisioned a new peak as early as this summer.๐ŸŒ… Stay tuned, crypto fans! The ride is just getting started!๐Ÿš€๐ŸŒ•
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